You are here: Home » International » News » Markets
Business Standard

Wall St at record levels after Abe win; GE dips after multiple downgrades

Trump said he would make his choice to lead the Fed soon


Wall Street indexes hovered at record levels on Monday as investors cheered the continuation of "Abenomics" following Japanese Prime Minister Shinzo Abe's emphatic win in the weekend polls. The market has had a strong run, with the Dow breaking the 23,000 milestones last week on strong earnings. Stocks also got a boost on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump's tax plans may move forward. Corporate earnings have got off to a strong start, with nearly three-quarters of the 88 S&P companies beating profit ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, October 23 2017. 20:16 IST